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The Kimberley Process Civil Society Coalition (CSC) recently said that it is planning to approach the United Nations (UN) over the impasse on the redefinition of conflict diamonds and the principles of responsible sourcing.
The diamond industry is in its healthiest state in over a decade, but it will need to be proactive if it wants to maintain that progress.
Factors such as US fiscal policy and Chinese jewelry demand are boosting the market for now, but inflation and other complications are on the horizon.
Sharp growth at Richemont’s jewelry and watch brands buoyed the luxury company’s revenues in the first fiscal quarter amid a strong recovery in the US market.
‘Create Beautiful’ video released in Cannes at the occasion of the launch of the Progress Report.
The rough market is buoyant after yet another price increase by De Beers, leaving many in the trade scratching their heads. Goods are selling at strong premiums on the secondary market — double-digit percentages in some categories — as manufacturers continue to boost production after the past year’s coronavirus-induced stoppages.
Alrosa has unveiled a new diamond tracking system that uses nanotechnology to engrave gems, potentially allowing them to be traced from the mine all the way to the consumer.
Consumer desire for diamond jewelry remains strong while midstream demand in India is returning, the companies said.
De Beers has lifted rough-diamond prices for the fifth time in eight months as the market continues to surge.
Alrosa lifted prices at its latest monthly contract sale as the rough market continued to see strong demand and limited supply.
Press release – ALROSA reports preliminary rough and polished sales results for June 2021.
Press release – De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fifth sales cycle of 2021.
